I need to solve the T -statistic for the test below is the table the
I need to solve the T -statistic for the test below is the table the Answer is t= - 7.646
But i need to understand how they obtain this answer in order to do a similar question.
|
Weight (Carat) |
Price ($) |
|
0.22 |
616 |
|
0.25 |
712 |
|
0.27 |
750 |
|
0.28 |
843 |
|
0.27 |
724 |
|
0.19 |
501 |
|
0.17 |
349 |
|
0.23 |
650 |
|
0.22 |
608 |
|
0.24 |
634 |
|
0.29 |
863 |
|
0.16 |
347 |
|
0.17 |
377 |
|
0.16 |
295 |
|
0.18 |
462 |
|
0.24 |
609 |
|
0.22 |
581 |
|
0.16 |
389 |
|
0.17 |
402 |
|
0.28 |
752 |
|
0.25 |
694 |
|
0.23 |
651 |
|
0.26 |
737 |
|
0.19 |
432 |
|
0.22 |
560 |
|
0.27 |
736 |
|
0.28 |
846 |
|
0.25 |
660 |
|
0.24 |
647 |
|
0.21 |
504 |